Boeing shares fall 11% for the week

ChristopherHinton

NEW YORK (MarketWatch) -- Boeing Co.
BA, -0.04%
shares on Friday were down nearly 11% from a week ago, making it the worst performer in a broadly lower aerospace sector. The Amex Aerospace and Defense Index [S: DFW] was off by 5% for the week, while the Standard & Poor's 500 Index
SPX, -1.16%
was down 7%. Year to date, Boeing shares have fared better, up about 14% versus a 5.3% drop in the sector benchmark and a 9% decline in the S&P 500. The stock is off of last year's historic lows following a credit crisis that raised concern over customers' ability to pay for deliveries, and orders are up strongly: 139 year to date versus 85 in the year-ago period. But a softer economic outlook seems to have some investors worried again about demand for Boeing aircraft. Shares of Boeing last traded at $61.59, off 1%.

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